Nov 26, 2024  
2020-2021 Graduate Catalog 
    
Catalog Navigation
  Catalog Home
  Graduate Programs
  Graduate Courses
  Calendar
  Catalog Guide
  Northern Illinois University
  The Graduate School
  Directory for Correspondence
  Admission
  General Regulations
  Requirements for Graduate Degrees
  Educator Licensure
  Tuition and Fees
  Financial Support
  Scholarly Activities
  University Services
  College of Business
  College of Education
  College of Engineering and Engineering Technology
  College of Health and Human Sciences
  College of Liberal Arts and Sciences
  College of Visual and Performing Arts
  Interdisciplinary Academic Centers and Courses
  Inter-College Interdisciplinary Certificates
  Other Academic Units
  University Administration
  Notices
  Campus Maps
HELP
2020-2021 Graduate Catalog [NOTE!!!! THIS IS AN ARCHIVED CATALOG. FOR THE CURRENT CATALOG, GO TO CATALOG.NIU.EDU]

ECON 642 - Financial Engineering

Advanced analysis of markets for contingent claims, the derivative markets. Introduction to elements of stochastic calculus, dynamic portfolio choice, the Black-Scholes Model and extensions, the term structure of interest rates, American and European option pricing, and, if time permits, the Heath-Jarrow-Morton Model and exotic options. Advanced mathematical and computational techniques applied to the study of derivative markets.

Prerequisites & Notes
PRQ: ECON 660, ECON 690, and FINA 555, or consent of department.

Credits: 3